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Strategies & Market Trends : Tech Stock Options

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To: James Strauss who wrote (56875)	11/3/1998 10:21:00 AM
From: Lee	Read Replies (1) of 58727

Jim,..Re: We are no longer strictly an industrial economy... We are more of a service economy... Good observation. Thanks for the reply. Also, from thestreet.com to substantiate your observation. thestreet.com The Invisible Mouth: The Problem with GDP Predictions By James Padinha Economics Correspondent 11/2/98 2:33 PM ET But keep in mind that two things are mesmerizing the commentariat at the moment. One is Wall Street layoffs. The other is the manufacturing sector. Yet our economy employs over 126 million people and, much New York-based press to the contrary notwithstanding, its fate does not hinge on the dismissal of a few fixed-income types or the disappearance of an emerging-markets desk here and there. Meanwhile, the manufacturing sector accounts for only 19% of total output -- and only 15% of total employment -- in this country. So when will this concept sink into the general opinion? <g> Thanks, Lee

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